MIXED TENURE MODELS ST MONICA TRUST MODEL 1. WESTBURY FIELDS Retirement Village.

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Presentation transcript:

MIXED TENURE MODELS ST MONICA TRUST MODEL 1

WESTBURY FIELDS Retirement Village

ELEMENTS 98 Long leasehold apartments for sale. 98 Long leasehold apartments for sale. 90% of equity sold. 90% of equity sold. Sold back to St Monica Trust for purchase price. No Capital increase. No right of pre-emption. Sold back to St Monica Trust for purchase price. No Capital increase. No right of pre-emption. Capital (less reparations if appropriate) within 28 days of probate being granted. Capital (less reparations if appropriate) within 28 days of probate being granted. 10 of these are shared equity with Bristol City Council, at social housing and service charges. 10 of these are shared equity with Bristol City Council, at social housing and service charges. 51 Very Sheltered Housing apartments. 51 Very Sheltered Housing apartments.

Social Housing rental and service charges. Social Housing rental and service charges. (Assured non-short hold monthly tenancy). (Assured non-short hold monthly tenancy). Shared Equity are pepper-potted about the Village. Shared Equity are pepper-potted about the Village. Very Sheltered Housing is its own building, Sommerville, where the majority of the activities on our extensive daily programme for the site take place. Very Sheltered Housing is its own building, Sommerville, where the majority of the activities on our extensive daily programme for the site take place.

MIXED TENURE ST MONICA TRUST MODEL 2

MONICA WILLS HOUSE BEDMINSTER

ELEMENTS 120 Apartments 120 Apartments Brown field site in Bedminster Brown field site in Bedminster 5 Storeys – Atrium inside/outside space and roof garden. 5 Storeys – Atrium inside/outside space and roof garden. 1 site adjacent to a 263 first time buyer apartment block (under construction). 1 site adjacent to a 263 first time buyer apartment block (under construction).

MIX Similar mix to Westbury Fields but all in one building. Similar mix to Westbury Fields but all in one building. 70 Long leasehold apartments for sale as per Westbury Fields. 70 Long leasehold apartments for sale as per Westbury Fields. Sold back to St Monica Trust for purchase price. No capital increase. No right of pre-emption. Sold back to St Monica Trust for purchase price. No capital increase. No right of pre-emption. Capital (less reparations if appropriate) within 28 days of probate being granted. Capital (less reparations if appropriate) within 28 days of probate being granted. 6 – 10 of these are shared equity with Bristol City Council, at social housing rent and service charges. 6 – 10 of these are shared equity with Bristol City Council, at social housing rent and service charges. 50 Very Sheltered Housing apartments. 50 Very Sheltered Housing apartments. All the Very Sheltered housing and Shared Equity are pepper-potted through 5 storeys. All the Very Sheltered housing and Shared Equity are pepper-potted through 5 storeys.